Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 210)
210.
What is the maximum amount of funds that Union Bank plans to raise through the QIP?
Rs 500 crores
Rs 5,000 crores
Rs 50,000 crores
Rs 5 lakhs crores
Answer: Option
Explanation:
A Committee of Directors on Raising Capital Funds approved the raising of funds for an amount not exceeding Rs 5,000 crores through the issue of equity shares through Qualified Institutions Placement (QIP), Union Bank stated in a regulatory filing.
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